Hyundai will use Canoo’s ‘skateboard’ platform to develop cheap EVs

Daniel Fowler
February 14, 2020

Hyundai and Kia will develop price-competitive small and medium-sized passenger EVs as well as purpose-based mobility (PBV) that meets a variety of customer needs by using a relevant platform.

By ensuring that every component of the platform is fulfilling as many functions as possible, the overall design is reduced in size which provides more interior cabin space and a more cost-effective EV offering for the car-buying public.

Canoo's platform is a self-contained unit that houses all the key powertrain components, on the top of which any type of vehicle body can be fitted.

In the future, Hyundai Motor Group expects that the skateboard design will make for a simplied and standardized development process for Hyundai and Kia's electrified vehicle lineup.

The platform will be used for future Hyundai and Kia electric vehicles as well as for the so-called "purpose-built vehicles" of the automaker group.

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The investments in Canoo and Arrival are part of US$87 billion the Hyundai Motor Group has committed to invest in electrification and other future-oriented mobility technologies over the next five years, with the goal of 25 percent of total sales coming from "eco-friendly vehicles" by 2025. Canoo's skateboard platform is created to house upper bodies of various structures according to uses, and the strength of the platform can be freely extended. Of all of this corporate engagement, Hyundai will invest $ 52 billion in "future technologies" and Kia will invest $ 25 billion in electrification and future mobility technologies.

"It is a real honor for us to help Hyundai explore EV architecture concepts for their future models", Kranz, a Canoo co-founder and former BMW executive, said in the same statement. The company traded under Canoo in spring 2019 and presented its first vehicle last September. Canoo's proprietary skateboard architecture, which directly houses the batteries and electric drivetrain, has enabled Canoo to reimagine EV design in a way that challenges traditional automotive shape and functionality. Canoo recently opened the waitlist for its first vehicle. This is a major milestone for the company and the culmination of the efforts of 300+ experts working to deliver a proof of concept of Canoo's backbone architectural systems. Canoo plans to launch the first electric vehicle in 2021. The company is now testing its electric vehicle.

The marque claims this will reduce manufacturing costs, passing savings onto consumers and making EVs more competitively-priced against their internal combustion rivals. Canoo will provide the engineering expertise around its skateboard architecture (see image). Today, Canoo has grown to around 300+ employees - covering the entire value chain, bringing together a unique EV with a unique business model for a unique user experience.

That caught the attention of Hyundai Motor Group, and partnership between the two companies sounds equally on the fast track. It's this Canoo architecture in which Hyundai Motor Group is interested.

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